Unite Group (LON:UTG) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

Unite Group (LON:UTG)‘s stock had its “hold” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 503 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 6.93% from the company’s current price.

UTG has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on Unite Group from GBX 690 to GBX 640 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Unite Group from GBX 600 to GBX 640 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Citigroup lowered shares of Unite Group to a “neutral” rating and dropped their price target for the stock from GBX 906 to GBX 579 in a research report on Monday, August 3rd. Berenberg Bank increased their price target on shares of Unite Group from GBX 623 to GBX 668 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, UBS Group restated a “buy” rating and set a GBX 585 price objective on shares of Unite Group in a research note on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 613.75.

Unite Group Price Performance

LON:UTG opened at GBX 470.40 on Thursday. Unite Group has a 52-week low of GBX 442.20 and a 52-week high of GBX 729.50. The company has a market cap of £2.42 billion, a P/E ratio of -4.81, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 46.65, a quick ratio of 0.73 and a current ratio of 23.17. The stock’s 50-day simple moving average is GBX 507.42 and its 200 day simple moving average is GBX 498.42.

Unite Group (LON:UTG) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 27.10 EPS for the quarter. Unite Group had a negative return on equity of 10.94% and a negative net margin of 143.81%. As a group, sell-side analysts forecast that Unite Group will post 47.9341004 EPS for the current fiscal year.

About Unite Group

Unite Students is the UK’s largest owner, manager and developer of purpose-built student accommodation, serving the country’s world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.

Our people are driven by a common purpose: to provide a ‘Home for Success’ for the students who live with us. Unite’s accommodation is safe and secure, high quality and affordable.